PepsiCo buys fizzy drinks maker SodaStream for $3.2bn


Under the terms of the deal, PepsiCo will buy all outstanding shares of Sodastream for $144 each.

Pepsi and Israeli-based company SodaStream already have an existing relationship, with Pepsi previously selling its cola on the platform in what the company called a "learning opportunity".

The acquisition has been unanimously approved by the Boards of Directors of both companies. The company is also experimenting with other non-bottled drinks, including Drinkfinity, which is sold in pods.

Modric, Cristiano and Salah lead Uefa player of year nominees
All three players competed in the Champions League final in Kiev , which saw Ronaldo and Modric both emerge victorious with Real . The UEFA award for the best Europe-based player last season won't be won by a World Cup champion from France.

If regulators approve the deal, it is expected to be finalised by January 2019, subject to a vote by Sodastream shareholders. It said the purchase was another step in its bid to "promoting health and wellness through environmentally friendly, cost-effective and fun-to-use beverage solutions".

According to The Wall Street Journal, "Sparkling water has grown far more strongly than the overall bottled water category in the US, clocking volume growth of 38% a year ago up from 35% in 2016 according to data from industry tracker Beverage Marketing Corp".

Waning soda consumption and environmental concern have led soft-drink producers to try to tap the at-home market, though success has been elusive. Last week, Coca-Cola agreed to buy a minority stake in Bodyarmor, a sports-drink maker whose backers include former basketball star Kobe Bryant, in a further move to diversify beyond sugary, fizzy beverages.

Shambolic United self-destruct in 3-2 loss at Brighton
United have conceded four goals in their opening two games of the season - it took them nine to let in that many last season. Brighton's Murray said their 3-1 home win over United last season gave them confidence that could spring another surprise.

It remains to be seen what Keurig Dr Pepper will do in the space.

Earlier this month, SodaStream reported its strongest results in company history, a 31 percent year over year jump in revenues to $172 million, an 89 percent leap in operating profit to $32 million and an 82 percent climb by net profit to $26 million. The deal will give the brand access to PepsiCo's distribution capabilities, global reach, R&D, design and marketing expertise with the aim of fuelling expansion and innovation. PepsiCo was advised by Goldman Sachs and Centerview, while SodaStream was advised by Perella Weinberg Partners.

Man Utd Fan Starts GoFundMe To Raise £12 Million For Mourinho Sacking
Speaking after his side's 6-1 thrashing of Huddersfield on Sunday, Guardiola said: "That is true, you can not buy class". Mourinho's players found themselves 2-0 down within half an hour but managed to pull one back through Romelu Lukaku .